Patterson-UTI Energy, Inc. (PTEN) Options Chain
The options chain displays all available contracts with real-time quotes, Greeks, volume, and open interest for each strike and expiration. It is the primary tool for options trade selection.
Patterson-UTI Energy, Inc. (PTEN) operates in the Energy sector, specifically the Oil & Gas Drilling industry, with a market capitalization near $4.56B, listed on NASDAQ, employing roughly 9,200 people, carrying a beta of 0.65 to the broader market. Patterson-UTI Energy, Inc. Led by William Andrew Hendricks Jr., public since 1993-11-02.
Snapshot as of May 15, 2026.
- Spot Price
- $12.36
- Total OI
- 127.6K
- Total Volume
- 3.5K
- Front Expiration
- 34 days
- Second Expiration
- 63 days
- ATM IV
- 53.3%
- Avg Bid/Ask Spread
- 50.54%
As of May 15, 2026, Patterson-UTI Energy, Inc. (PTEN) has 127.6K open contracts and 3.5K contracts traded. The nearest expiration is 34 days out, followed by 63 days. ATM implied volatility is 53.3%. Average bid/ask spread across the chain is 50.54%: wider spreads, size positions conservatively. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.
How PTEN options chain Data Feeds Strategy Selection
Strategy selection on Patterson-UTI Energy, Inc. options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 53.3% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the options chain data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
Learn how the options chain is reported and how to read the data →
PTEN most-active contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $11.00 | Aug 21, 2026 | 15 | 37.2K | 58.6% | $2.10 | $2.20 |
| CALL | $12.00 | Aug 21, 2026 | 26 | 35.7K | 56.2% | $1.55 | $1.65 |
| CALL | $12.00 | Aug 21, 2026 | 26 | 35.7K | 56.2% | $1.55 | $1.65 |
| CALL | $11.00 | Aug 21, 2026 | 15 | 37.2K | 58.6% | $2.10 | $2.20 |
Top 4 contracts from the ORATS-sourced nightly scan; ranked by volume within the broader S&P 500/400/600 + ETF universe.
Frequently asked PTEN options chain questions
- What does the PTEN options chain show right now?
- As of May 15, 2026, Patterson-UTI Energy, Inc. (PTEN) has 127.6K contracts outstanding and 3.5K traded today, with ATM IV of 53.3%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
- What expirations are available for PTEN options?
- The nearest expiration is 34 days out, followed by 63 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.
- How tight are PTEN options bid/ask spreads?
- Average bid/ask spread across the chain is 50.54%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.